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Maple Company signs an agreement with a client to provide the client services over the next two years. Maple Company receives the full engagement fee

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Maple Company signs an agreement with a client to provide the client services over the next two years. Maple Company receives the full engagement fee in cash today. Under the revenue recognition principle, Maple Company should: O Recognize the entire amount of the cash received as income immediately. O Place the cash in an account monitored by a third-party until the services are performed. Wait to recognize any income until the entire engagement is complete. O Recognize the cash as a liability today and recognize income as the services are performed

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